1717 Gwynns Falls Pky
Baltimore, MD 21217
Multifamily Property For Sale · 3 Units

Don’t miss this updated triplex in the Woodbrook neighborhood of Baltimore City. Each unit features 1-bedroom, 1-bath with high ceilings, spacious bedrooms, generous closets, ceiling fans, touchless faucets, wood-like flooring, ceramic tile, and updated kitchens with granite countertops, newer cabinets, and black appliances. All units include washer/dryer combos and renovated bathrooms. Kitchens in units 1 and 2 are large enough for a kitchenette set, and all bedrooms easily accommodate king-size beds with nightstands. Unit 1 features an electric fireplace. All units have a private front and back door entrance/exit. Unit 3 includes a roof top view from the back entrance. There is an enclosed exterior rear patio that goes to the unfinished basement. The building is separately metered with tenants paying for their gas and electricity, while the owner covers water. The building is moderately priced @ $108,000 per unit. The average occupancy is 100%. Units 1 and 2 are around 800 sqft and unit 3 is slightly smaller around 700 sqft. This investment property is ideally located near Shoppers market, Druid Hill Park, Mondamin Mall, the Botanical Garden and Zoo, I-83, public transportation, Coppin State University, and more—an excellent opportunity for owner-occupants and investors.
Unit 2 is the only unoccupied unit. I will coordinate access with the tenants and show the remaining units for serious buyers who submit an offer(s). Offers may be contingent upon viewing the other two units. 1 Unit is occupied by a 100% voucher lease holder, and is month-to-month tenant. Another Unit is occupied by a market lease holder, the lease expires around August 2026. The total annual rent roll is $44,376 and cap rate of 8-9%. The average occupancy is 99%. The building is moderately priced @ $108,000 per unit. Units 1 and 2 are around 800 sqft and unit 3 is slightly smaller around 700 sqft. There is an enclosed exterior rear patio that goes to the unfinished basement. The hot water heaters, furnaces, gas meters are located in the basement. Note: The front window on left side of the porch was accidently broken by the unit 1 tenant. New glass has been ordered, and the window will be repaired in about one week. The listing agent is affiliated with the owner. Thanks for showing! Call or text Daisha at 302-275-3231 if you have any questions.